Filed August 3, 2023
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,886 | $56,894-66.8% | $84,753-77.7% | $62,881-70.0% |
| Participation rate | 100.0% | 68.5%+31.5pp | 76.6%+23.4pp | 69.3%+30.7pp |
| Annual return | 10.23% | 6.30%+3.9pp | 22.78%-12.6pp | 20.14%-9.9pp |
| Employer contribution / active EE | $2,571 | $2,400+7.1% | $3,574-28.1% | $2,281+12.7% |
| Participant deferral / active EE | $1,679 | $2,709-38.0% | $3,712-54.8% | $3,203-47.6% |
| Admin fee / account holder | $712 | $3,581-80.1% | $5,333-86.7% | $4,296-83.4% |